Claims have emerged that Yuga Labs borrowed the logo for the BAKC from a publisher of children's drawing materials.
In Brief
It has come to light that Yuga Labs allegedly lifted the logo of the Bored Ape Kennel Club NFT series from 'Easy Drawing Guides'.
The creators behind BAYC are currently engaging in discussions with the freelance artist responsible for the original art and the publisher of the drawing guide.
Yuga Labs, the powerhouse behind the highly valued Bored Ape Yacht Club NFTs, has been accused of copying a logo from a children’s drawing book.
A Twitter user was the first to highlight the striking similarities between the images. Colombo The contested logo closely resembles a wolf skull illustration included in a tutorial.
This drawing guide was made available by 'Easy Drawing Guides' on April 5, 2021, while the Bored Ape Kennel Club was launched on June 17, 2021. In November, Yuga Labs filed a trademark for the wolf skull image which they did not own. The drawing guide publisher emphasized that their skull illustration is protected by their Terms and Conditions, indicating that Yuga Labs had no rights to use it as a logo.
Greg Solano, co-founder of Yuga Labs, also known in the space as Gargamel, has indicated that the company is currently assessing the matter. He noted that the team behind BAYC has reached out to the freelance artist who created the design and is in discussions with 'Easy Drawing Guides' to resolve the issue. Solano also confirmed that changes will be made to the logo on the collection’s website and related pages.
Numerous users on Twitter weighed in on the situation, urging the publisher to pursue legal action against Yuga Labs rather than accepting any future financial proposals from them.
Yuga Labs stands as a key player in the NFT ecosystem, largely due to the strategic marketing of its Bored Ape Yacht Club collection. With a staggering valuation of $4 billion, the Bored Ape Kennel Club project boasts a market cap exceeding 78,735 ETH. CoinGeko .
However, Yuga Labs has encountered its fair share of controversies. Back in June 2022, a YouTube influencer named Pillion produced a video titled 'Bored Ape Nazi Club,' which draws attention to the parallels between the BAYC NFTs and Nazi symbolism. Furthermore, in October 2022, the U.S. Securities and Exchange Commission initiated an investigation into Yuga Labs for purportedly selling unregistered digital assets. shared a video Yuga Labs is gearing up for the second chapter of Otherside, which is set to launch in March 2023. investigating The SEC continues its scrutiny of the BAYC creators, Yuga Labs, due to concerns surrounding the sale of unregulated tokens.
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In line with the Trust Project guidelines Holding a Master's degree in Public Communications and pursuing a second major in International Business Management, Valeria spends her downtime focused on photography and fashion styling. She first dipped her toes into the world of fashion blogging at the age of 13, which sparked her enthusiasm for journalism and style.